Canada Inflation Slows to 4.3%, Backing Interest-Rate Pause

Canada Inflation Slows to 4.3%, Backing Interest-Rate Pause

From bnnbloomberg.ca

Inflation drifted lower to the slowest pace in nearly two years, a reprieve for the Bank of Canada amid a jobs market and economy that continue to defy expectations for a stall. The consumer price index rose 4.3% in March from a year ago, the lowest headline number since August 2021, Statistics Canada reported Tuesday in Ottawa. That matched expectations in a Bloomberg survey of economists and was down from 5.2% in February. On a monthly basis, the index rose 0.5% in March, also matching economist expectations. Bonds and the loonie were little changed after the release. Two key yearly measures tracked closely by the ... (full story)

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